FIPS 04003, AZ: 11 findings, 1 at an alert level, 2 at a watch level and 8 noted
11 findings fired for FIPS 04003, AZ this run, against a typical home value of $263,540 in August 2026 and covered employment of 33,459 in 2026 Q1.
This is the real estate lens: Agents, investors, appraisers, relocation It keeps the findings whose subject matches that interest and drops the rest, so it is a subset of the full brief and never a different set of numbers. The full brief is the canonical version of this page.
11 findings #
alertFIPS 04003, AZ's covered employment is -5.8% against a year earlier, an alert level here: covered employment at least 3 percent below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -5.8 <= -3
BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level
watchFIPS 04003, AZ's covered employment is -5.8% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -5.8 < 0
BLS QCEW over-the-year percent change, as published; not an official level
watchFIPS 04003, AZ's typical home value is -0.2% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: home.yoyPct = -0.206746286425673 < 0
arithmetic on Zillow ZHVI, county and metro files; not an official level
noteFIPS 04003, AZ's covered employment was 5.8% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- -5.8 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteFIPS 04003, AZ's average weekly wage was 1.1% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +1.1 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteFIPS 04003, AZ's typical asking rent rose 0.8% from $1,281 in July 2026 to $1,291 in August 2026, on Zillow ZORI.
Period 2026-08.Show the arithmetic
- +0.8% = (1290.8088454755123 - 1280.5036701592821) / 1280.5036701592821 × 100
- 1290.8088454755123 = Zillow ZORI, 2026-08
- 1280.5036701592821 = Zillow ZORI, 2026-07
noteFIPS 04003, AZ's covered employment of -5.8% ranks 3,079th of 3,221 US counties, against a median of -0.2%.
Period 2026 Q1.Show the arithmetic
- 4 on the 0-to-100 scale across 3221 US counties that published jobs.yoy.emp
position among the entities that published this metric this period; not an official level
noteFIPS 04003, AZ's momentum index of -0.22 ranks 2,975th of 3,221 US counties, against a median of 0.23.
Period 2026-08.Show the arithmetic
- 8 on the 0-to-100 scale across 3221 US counties that published momentum
- momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
position among the entities that published this metric this period; not an official level
noteThe next Unemployment rate (BLS Employment Situation, monthly) covering FIPS 04003, AZ is due between 2026-09-25 and 2026-10-09, estimated from the publisher's past release pattern.
Show the arithmetic
- window = 2026-09-25 to 2026-10-09, estimated from the publisher's past release pattern
estimated from the publisher's past release pattern; not an announced date
noteThe next Zillow ZHVI typical home value (monthly) covering FIPS 04003, AZ is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.
Show the arithmetic
- window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern
estimated from the publisher's past release pattern; not an announced date
noteThe next Zillow ZORI typical rent (monthly) covering FIPS 04003, AZ is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.
Show the arithmetic
- window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern
estimated from the publisher's past release pattern; not an announced date
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